OVLG Blog: Debt Relief, Bankruptcy and Personal Finance Advice

Articles · Page 19 of 129

Personal Finance

What Should Investors Know About Strangle Options?

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Apr 14, 2022

Strangles operate by letting investors profit from their guesses about whether a stock’s price will change, no matter what direction it moves. Like other options strategies, strangles give investors the option to produce additional income from their holdings. Executing a strangle involves buying or selling a call option with a strike price above the stock’s current price and a put option with a strike price below the current price. Most options contracts involve 100 shares of the underlying stock...

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Personal Finance

How should a parent decide how much money to give their child for an allowance?

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Apr 11, 2022

Figuring the amount of allowance for children to develop healthy behaviors around their perception of money is a delicate balance. Giving too little won't help your children develop good money habits if you give too little. If you give too much, they will not learn the value of money. Many factors go into fixing an allowance...

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Personal Finance

How do early Social Security benefits impact spousal benefits?

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Apr 1, 2022

Are you planning to claim Social Security benefits early? If so, consider how the move will affect your spousal benefits. First of all, not all early filers will be able to enjoy those benefits right away — and even for those who can, the move may not result in a larger monthly check. It's also easy to misinterpret your rights as a spouse...

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Personal Finance

What is the best age to claim Social Security benefits?

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Mar 25, 2022

You begin to think about retirement payouts rather than contributions as you get older. 'What is the optimal age to start receiving Social Security benefits?' is one of the most common inquiries among near-retirees...

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Personal Finance

5 Things single women should know about the homebuying process

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Mar 12, 2022

According to the National Association of Realtors, single women constituted 19 percent of all homebuyers in 2021, an increase from 15 percent in 2014. Single men account for only 9% of all buyers, while married and unmarried couples account for roughly 70% of all transactions...

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Personal Finance

Top banking mistakes that can ruin consumer finances

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Mar 7, 2022

Even the finest of us make mistakes. We all make blunders from time to time, whether it's missing your phone or offending your spouse. We can only do our best to stop repeating the same errors over and over again...

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Tax

What is Form 1040 and when should you use it?

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Feb 25, 2022

The IRS Form 1040 is required to be filed by nearly everybody in the United States. However, there are some important details that entrepreneurs, private contractors, the self-employed, and all other taxpayers should be aware of. Continue reading to get the details you require for a hassle-free tax filing...

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Personal Finance

What it is like to date someone in debt and how to help them

Written by

Lyle Solomon

Reviewed by

Loretta Kilday

Updated Feb 15, 2022

Unfortunately, couples who argue about money matters once a week are 30 percent more likely to file a divorce. Money matters are the second leading cause of divorce. Couples with $50,000 or more in debt say that money is the primary reason for their argument. However, about two-thirds of all marriages start in debt...

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